General Mills, Inc.

Good morning and welcome to General Mills' fourth quarter fiscal 2024 earnings conference call. All participants are in a listen-only mode. After the speaker's remarks, we will have a question and answer session. To ask a question, please press star followed by the number one on your telephone keypad. As a reminder, this conference call is being recorded. I would now like to turn the call over to Jeff Seaman, Vice President of Investor Relations and Treasurer. Go ahead.

Thank you, Julianne, and good morning, everyone. Thank you for joining us today for our Q&A session on our fourth quarter and full year fiscal 24 results. I hope everyone had time to review our press release, listen to our prepared remarks, and view our presentation materials, which we made available this morning on our investor relations website. It's important to note that in our Q&A session, we may make forward-looking statements that are based on management's current views and assumptions. So please refer to this morning's press release for factors that could impact forward-looking statements and for reconciliations of non-GAAP information, which we may be discussing on today's call. I'm here this morning with Jeff Harmoning, our chairman and CEO, and Kofi Bruce, our CFO. So I think we can go ahead and get to the first question. Julianne, can you please get us started?

Certainly. As a reminder, to ask a question, please press star followed by the number one on your telephone keypad. Our first question will come from Ken Goldman from JP Morgan. Please go ahead. Your line is open.